Sverdlovsk Regions inefficient use of funds quadruples in 2014

March 20, 2015. Sverdlovsk Region Accounts Chamber determined that a total of 3,920,660,300 RUR worth of local budget funds got spent inefficiently last year; this was nearly four times worse than in 2012 and 2013, the chambers annual report states.

According to the report (which UrBC has access to), the inefficient use of public property assets amounted to 3,442,232,800 RUR, while unsatisfactory claim-related work amounted to 181,400,400 RUR.

The report also states that 87.8% (3,443,033,200 RUR) of these inefficiently used funds were spent by the Mid-Urals Development Corporation and Center for Low-Rise Construction.